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Question: To what level does price need to fall before we reach consensus?
< 300 USD
< 250 USD
< 200 USD
< 150 USD
< 100 USD
< 50 USD

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Author Topic: [POLL] To what level does price need to fall before we reach consensus?  (Read 330 times)
Cryptology (OP)
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January 16, 2016, 09:53:50 AM
 #1

At what price level will the people involved start to be really scared about Bitcoin going bust and leave their egos and greed aside (at least for the time being) and come up with an agreement regarding block size?
Amph
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January 16, 2016, 10:53:15 AM
 #2

when the miners will not be able to profit, since their cost for paying electricity is only 1/6 of their profit, and is $45 per miner, you do the math, they can profit even at 1/4 of the current value

so below $90 i think bitcoin begins to be doomed, but only if it will remain for a certain amount of time, not as a lowest value...
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January 16, 2016, 11:15:25 AM
 #3

Sub $100 is a heavy psychological barrier that will make think Bitcoin will fail. If we reach that, then it will get most people affraid for what's going to happen.
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